Patriot Software Company, a leading accounting software and payroll software provider, has raised an undisclosed amount in Series-A funding, led by RZC Investments. Located in Bentonville, Arkansas - RZC Investments is a multi-strategy investment firm focused on deploying capital into operating businesses as the investment arm for the Walton family.
“Bringing in RZC attests to Patriot’s growth potential and leadership position in multiple industries. We already have award-winning accounting and payroll software that are best-of-class in the USA. We already have tens-of-thousands of customers who love us. And now we have a financial partner that truly cares about our mission to make accounting and payroll fast, simple, and affordable for millions of American businesses and their accountants” says Patriot’s CEO, Mike Kappel.
Founded in 2002, Patriot Software self-funded its growth for many years. In addition to spinning off its former subsidiary, Top Echelon Software, Patriot raised millions in capital through Private Placement and Regulation D stock offerings led by Patriot’s President and Chief Legal Officer, Mike Wheeler. According to Wheeler, “Now that we’ve completed this Series A round with RZC, we are in a terrific position to scale with or without future follow-on rounds.”